Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[TReano]

seems like it's much more likely that we reach my <480 prediction then all the 1k predictions on the poll here :>

gg

[popovicbit]

I am actually glad in it going down a bit. I don't think strong pumps based on pure speculation is healthy for bitcoins perception.

[MySecondCunt]

[...]
Because fundamentals. The implosion is not a question of if, but when.
That said, we might see a bit of an upblip today, but down below current price within 48hrs.

Did I say possible upblip?
Is it too late to retract that piece of irrational optimism?

[dumbfbrankings]

Weeks of euphoric grinding to new and exciting heights, then one day of watching your dreams dashed on the rocks below.

Welcome to Bitcoin!, gentlemen.

[DARKHOLDER]

seems like it's much more likely that we reach my <480 prediction then all the 1k predictions on the poll here :>

gg

Hope You are wrong

[belmonty]

I think it's bullish in the long run. Last year Bitfinex flash crashed down to about $150 and two months later the price mooned to $500. None of the other exchanges flash crashed so low. Today Bitfinex going offline sparked this dump, and I wonder if there will be another moonshot in two months from now. Bitfinex starting a flash crash can precede a moonshot.

[podyx]

[JimboToronto]

LOL Seems Finex is back to its old tricks. Walls popping up and down like Whack-a-Mole.  

Too bad I didn't procrastinate this morning. I could have saved $20. There are a couple of places with BTC ATMs between my place and the SkyDome and I received a little more cash this afternoon so maybe I'll get lucky and get to buy another half coin on my way to the game tonight.

[JayJuanGee]

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap.

A few days ago, it was beginning to seem that bears were almost out of a job, but now they are back, and have a little place in our volatility community.

Surely, we cannot always have up, and even honest bears (to the extent that there are any) are going to admit that remain in a bull trend (probably at least with prices not dipping below the mid-$500s) yet current and pending question remains how much more of a correction are we going to have, here.

[MySecondCunt]

I think it's bullish in the long run. Last year Bitfinex flash crashed down to about $150 and two months later the price mooned to $500. None of the other exchanges flash crashed so low. Today Bitfinex going offline sparked this dump, and I wonder if there will be another moonshot in two months from now. Bitfinex starting a flash crash can precede a moonshot.

I think that's how all markets work. The faster and harder prices crash, the more bullish people become.
That's why some traders offed themselves back in '29, when the market crashed. They couldn't handle becoming so fabulously wealthy

[DaRude]

Silly kids it's just longs taking profit, fallout from the Finex network meltdown. I'm not glad that it's going down. But i'm ecstatic that $5.6MM in longs have closed   if we keep above $650 when $3MM more close that would be gentleman.

[Dotto]

We are having an improbable perfect storm from so many points of view happening in our faces.

Im guessing we hadn´t see the bottom yet, my crystal ball says 617. Then, with the longs smashed, time to quickly coming back to the 700-800 area and beyond.

Healthy

[rjclarke2000]

$32,000 tomorrow Adam?

[JimboToronto]

Are we down to single digits yet? Aw, not even double digits? 

[MySecondCunt]

Silly kids it's just longs taking profit, fallout from the Finex network meltdown. I'm not glad that it's going down. But i'm ecstatic that $5.6MM in longs have closed   if we keep above $650 when $3MM more close that would be gentleman.

Yup. 5.6mil down, 36.0mil to go.
88% long/12% short.
I remain cautiously optimistic

@Jimbo, why not run to the BTM and score some cheep coinz? Who was it that totally restored public confidence by buying shitloads of blocks back in 1929? Mitchell or some such? Were you around for that?
P.S. Guess what I got in my little blue bucket?

https://s32.postimg.org/rpr2l676t/clements_main_2420002b.jpg

[JimboToronto]

@Jimbo, why not run to the BTM and score some cheep coinz?

Too old to run. 

I can wait until just before game time and walk. Of course if the price has risen by then, I'll pass on the BTM and just take a cab to the ballpark.

[shizuska]

I think 600USD/4000CNY will hold and we wont fall under that for more than maybe few hours. I predict we will be hovering around 666 on the first of new month.

[MySecondCunt]

Last chance to buy above 650 ... too late!

@LFC_Bitcoin re. "Remember you haven't lost anything if you're HODLING": True, true. That's what all the BBQ coiners and Neo & Bee stockholders are telling themselves.
\/\/\/

[LFC_Bitcoin]

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

[rjclarke2000]

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

If it gets too low I am going on a spending spree buying them up again.